Own a piece of history! The Causey-Kendrick House is a 5-unit apartment building and Carriage House (detached garage, sold AS-IS). Carriage House offers future opportunities for storage rental or additional units. There is a shared on-site laundry room with potential for additional income with coin operated washer & dryer. Ample street parking and close to public parking lots. Driveway access currently rented with one unit. Currently 100% occupied with leases through 2026. Owner pays water bill, refuse, and storm water. Some tenants pay electric with some have it included. Whole building renovated in the past 5 years to include new paint, flooring, granite countertops, appliances, central air in largest unit, all windows, and more! This is a turnkey opportunity with over 60k in NOI with room for additional income. APPROX 4440 square feet in FIVE units. 4-1BD/1BA units and 1- 3BD/1BA unit with approx. 1600 sq. ft. of living space.
Sold
$485,000
116 Franklin St, Suffolk, VA 23434
--beds
4baths
--sqft
Multi Family
Built in 1882
-- sqft lot
$-- Zestimate®
$--/sqft
$1,785 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,785/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Leslie Martin,
Fit Realty 757-986-6312
Bought with:
Jake Maines
Iron Valley Real Estate HR
Source: REIN Inc.,MLS#: 10577982
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Heating
- Baseboard, Electric, Heat Pump W/A
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Electric Water Heater
- Laundry: Laundry Room
Features
- Flooring: Carpet, Ceramic Tile, Vinyl
- Windows: Window Treatments
- Basement: Crawl Space
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Details
- Parcel number: 34G18A213
- Special conditions: Owner Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete, Frame, Stucco, Vinyl Siding
- Roof: Asphalt Shingle,Slate
Condition
- Year built: 1882
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Security
- Security features: Security
Location
- Region: Suffolk
- Subdivision: Old Town Suffolk
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,844 +6.3% | $172,300 +6.3% |
| 2024 | $1,734 +1.2% | $162,100 +3.1% |
| 2023 | $1,713 +10.9% | $157,200 +10.9% |
| 2022 | $1,545 -1.8% | $141,700 |
| 2021 | $1,573 | $141,700 |
| 2020 | $1,573 +4.5% | $141,700 +4.5% |
| 2019 | $1,505 | $135,600 |
| 2018 | $1,505 +41.4% | $135,600 |
| 2017 | $1,064 | $135,600 |
| 2016 | $1,064 | $135,600 -8.4% |
| 2015 | $1,064 | $148,000 |
| 2014 | $1,064 | $148,000 |
| 2013 | -- | $148,000 |
| 2012 | -- | $148,000 |
| 2011 | -- | $148,000 -6% |
| 2010 | -- | $157,400 -3.3% |
| 2009 | $1,481 | $162,700 |
| 2008 | $1,481 -3.2% | $162,700 |
| 2007 | $1,529 -18.9% | $162,700 +5.2% |
| 2005 | $1,886 | $154,600 +6.3% |
| 2004 | -- | $145,400 |
| 2003 | -- | $145,400 +16.5% |
| 2002 | -- | $124,800 +58.6% |
| 2001 | -- | $78,700 |
Find assessor info on the county website
Neighborhood: 23434
Nearby schools
GreatSchools rating
- 3/10Hillpoint Elementary SchoolGrades: PK-5Distance: 3.4 mi
- 4/10King's Fork Middle SchoolGrades: 6-8Distance: 4.2 mi
- 4/10King's Fork High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Hillpoint Elementary
- Middle: King`s Fork Middle
- High: Kings Fork
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Suffolk City
- Suffolk
- 23434
- 116 Franklin St
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